Pelangio Exploration Inc.
TSX VENTURE : PX
OTC Bulletin Board : PGXPF

Pelangio Exploration Inc.

February 17, 2011 14:47 ET

Pelangio Exploration Featured This Week on BTV-Television

TORONTO, ONTARIO--(Marketwire - Feb. 17, 2011) - Pelangio Exploration Inc. (TSX VENTURE:PX)(OTCBB:PGXPF) ("Pelangio" or the "Company") is pleased to announce that the Company and its Manfo and Obuasi properties in Ghana are being featured this week on BTV-Television. The episode may be viewed online via the following link: http://www.b-tv.com/i/videos/PelangioFeb11.wmv.

Pelangio's episode will also be broadcast as follows:

Canada:

  • BNN – Saturday, February 19 @ 8:00pm EST & Sunday February 20 @ 9:30am EST
  • Bell Express Vu – Saturday, February 19 @ 8:00pm EST & Sunday February 20 @ 9:30am EST

U.S. National:

  • Fox Business News Net – Sunday, February 20 @ 5:00pm EST
  • America One – Saturday, February 19 @ 10:30 am EST www.americaone.com
  • Biz Television Network – Saturday, February 19 & Sunday, February 20 @ 8:00pm & midnight CST & Thurs. Feb 24 @ 9am & midnight CST www.biztelevision.com

About Pelangio

Pelangio is a junior gold exploration company that acquires and explores camp-sized land packages in world-class gold belts, while using innovative corporate restructuring to maximize shareholder value. Pelangio's 100 square kilometre Manfo Property, which lies on Ghana's Sefwi greenstone belt between the Ahafo and Chirano mines, respectively operated by Newmont and Kinross, is the site of recent near-surface discoveries on four separate targets, including 36.21 g/t gold over 9 metres, 24.7 g/t gold over 5 metres; 1.5 g/t gold over 61 metres and 0.95 g/t gold over 33 metres. The Company is also actively exploring its 290 square kilometre Obuasi Property, located on strike and adjacent to AngloGold Ashanti's Obuasi Mine, which has produced over 30 million ounces of gold since 1897.

Forward Looking Statements

Certain statements herein may contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Forward-looking statements or information appear in a number of places and can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. With respect to forward-looking statements and information contained herein, we have made numerous assumptions. Forward-looking statements and information include statements regarding the private placement, the proposed use of proceeds, the Company's exploration plans and exploration results with respect to the Obuasi Property and the Manfo Property, and are subject to forward-looking risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Such risks include gold price volatility, changes in equity markets, political developments in Ghana, increases in costs, exchange rate fluctuations and other risks involved in the gold exploration industry. See the Company's annual and quarterly financial statements and management's discussion and analysis for additional information on risks and uncertainties relating to the forward-looking statement and information. There can be no assurance that a forward-looking statement or information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-looking statements or information. We undertake no obligation to reissue or update any forward-looking statements or information except as required by law. All forward-looking statements and information herein are qualified by this cautionary statement.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Pelangio Exploration Inc.
    Ingrid Hibbard
    President & CEO
    905-875-3828 or Toll-free: 1-877-746-1632
    or
    Pelangio Exploration Inc.
    Brendan Cahill
    Vice President Corporate Development
    905-875-3828 or Toll-free: 1-877-746-1632
    905-875-3829 (FAX)
    info@pelangio.com
    www.pelangio.com